3.2 million shares of HCA to be sold

Published: Thursday, December 13, 2012 at 1:00 a.m.

Last Modified: Wednesday, December 12, 2012 at 8:32 p.m.

HCA Holdings Inc., the parent of four Southwest Florida hospitals, says that some of its largest shareholders plan to sell about 32 million shares of its common stock in an underwritten offering.

HCA said the selling shareholders mainly include affiliates and funds related to private equity firms Bain Capital Partners LLC and Kohlberg Kravis Roberts & Co. HCA is not selling any of the shares and will not receive any of the proceeds.

Tennessee-based HCA owns and operates hospitals and a variety of other health care facilities across the country. As of Sept. 30 it ran 162 hospitals and 112 free-standing surgery centers.

The company's shares have risen steadily this year, gaining about 50 percent so far. Last month, it reported a profit of $360 million, or 78 cents per share, reversing a loss in the same period the year before. Revenue increased 11 percent to $8.06 billion.

The company's shares were selling for $32.91 at the close of regular trading on Wednesday, down 7 cents.

<p>Staff and Wire Reports</p><p>HCA Holdings Inc., the parent of four Southwest Florida hospitals, says that some of its largest shareholders plan to sell about 32 million shares of its common stock in an underwritten offering.</p><p>HCA said the selling shareholders mainly include affiliates and funds related to private equity firms Bain Capital Partners LLC and Kohlberg Kravis Roberts & Co. HCA is not selling any of the shares and will not receive any of the proceeds.</p><p>Tennessee-based HCA owns and operates hospitals and a variety of other health care facilities across the country. As of Sept. 30 it ran 162 hospitals and 112 free-standing surgery centers.</p><p>HCA owns Bradenton's Blake Medical Center, Doctors Hospital in Sarasota, Englewood Community Hospital and Fawcett Memorial Hospital in Port Charlotte.</p><p>The company's shares have risen steadily this year, gaining about 50 percent so far. Last month, it reported a profit of $360 million, or 78 cents per share, reversing a loss in the same period the year before. Revenue increased 11 percent to $8.06 billion.</p><p>The company's shares were selling for $32.91 at the close of regular trading on Wednesday, down 7 cents.</p>